January 14, 2008 at 3:00 pm by Tom Lydon
Martin D. Weiss for Money and Markets has gone back and forth to the region since the age of six in 1952. Back then, the United States was the strongest in the world, and the products manufactured here were craved by citizens of every country. Brazil’s products were of poor quality. On top of that, there were no paved highways, no gas stations, few services.
My, how things have changed.
Today, the United States is the country with the economic problems as our credit crisis worsens and the housing bubble deflates. Brazil, on the other hand, now leads the world in developing and discovering new sources of energy. Its currency is among the strongest in the world.
Brazil’s ETF, the iShares MSCI Brazil (EWZ), is up 275% over the last two years, while the Dow is up 26% over the same period. Weiss says that while their markets appear to follow ours on a day-to-day basis, Brazil is still a country to keep an eye on.
Tags | Brazil, Emerging Markets, Energy, EWZ, Gas, Latin America, Oil
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